Arsenal offered the German champions £32m for the midfielder in the summer of 2011 but the bid was rejected.

Gotze then extended his deal with Dortmund in March, tying him to the club until 2016.

And according to BILD, the new contract includes a buyout clause of £30m - £2m less than the figure Arsenal offered last year. The clause expires in July and interested clubs are required to submit a written offer by the end of April 2013.